FIKFX vs. ^GSPC
Compare and contrast key facts about Fidelity Freedom Index Income Fund Investor Class (FIKFX) and S&P 500 (^GSPC).
FIKFX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIKFX or ^GSPC.
Correlation
The correlation between FIKFX and ^GSPC is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FIKFX vs. ^GSPC - Performance Comparison
Key characteristics
FIKFX:
1.40
^GSPC:
0.49
FIKFX:
2.02
^GSPC:
0.81
FIKFX:
1.26
^GSPC:
1.12
FIKFX:
1.22
^GSPC:
0.50
FIKFX:
6.29
^GSPC:
2.07
FIKFX:
1.04%
^GSPC:
4.57%
FIKFX:
4.69%
^GSPC:
19.43%
FIKFX:
-15.37%
^GSPC:
-56.78%
FIKFX:
-1.59%
^GSPC:
-10.73%
Returns By Period
In the year-to-date period, FIKFX achieves a 0.88% return, which is significantly higher than ^GSPC's -6.75% return. Over the past 10 years, FIKFX has underperformed ^GSPC with an annualized return of 2.18%, while ^GSPC has yielded a comparatively higher 10.05% annualized return.
FIKFX
0.88%
-1.09%
0.34%
6.38%
2.17%
2.18%
^GSPC
-6.75%
-5.05%
-5.60%
8.15%
14.14%
10.05%
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Risk-Adjusted Performance
FIKFX vs. ^GSPC — Risk-Adjusted Performance Rank
FIKFX
^GSPC
FIKFX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index Income Fund Investor Class (FIKFX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
FIKFX vs. ^GSPC - Drawdown Comparison
The maximum FIKFX drawdown since its inception was -15.37%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FIKFX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FIKFX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom Index Income Fund Investor Class (FIKFX) is 2.57%, while S&P 500 (^GSPC) has a volatility of 14.23%. This indicates that FIKFX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.